Silver (XAG) - Edition #1

Macro Outlook 🚀 Bullish 🚀

This is a no brainer long from a macro perspective.
We have a bullish macro trend active with expiry set for June 2027.
First target $40, followed by a new all time high of $55 and then $70 price mark.

Now what?

From a macro perspective we could perfectly have a sharp retrace towards the $26 - $22 price range and we’ll remain completely bullish.
It will be a perfect long entry if we do get this retrace.

What to expect in the short term?

Price managed to break above previous high and is currently trading above key level which is a good sign for bullish continuation.
Anyone wanting to add exposure below is our trading idea:
Entry $30 - $29
First target $35.5
Stop loss $28.5

Disclaimer

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